Value of Business Organization in Society

ASSIGNMENT TITLE: The value of business organization creates society. Identify, summarize and discuss arguments against business.

INSTRUCTOR:

TABLE OF CONTENTS

1.0. Introduction
1.1. What is business?
1.2. Forms of business

2.0. Negative effect/impact of business.

3.0. Conclusion

4.0. References

1.0. Introduction

The role and impact of business organizations in any society can be aggrandized to be a major factor leading to the growth and development of economy in various countries across the globe. Business as a human activity has been able to assemble people, capital and innovation under controlled risk-taking, in order to create jobs and produce goods and services profitably which translated to an amount of wealth for business owners, employees, customers and society at large.

In Africa, business activities have tremendously contributed to the economic growth experience and these has been boosted by internal and external factors. Internally, the emphases on business organization to create domestic business friendly environments, greater business discipline, have formally written values and principles, and open prospect to transact business globally has led to the growth of the African economy.

However, the role and impact of business activities also have negative effects on the society which will be discussed and properly elaborated.

1.1. What is business?

The term business does not have a specific definition as it has been defined in different ways by various scholars and business practitioners around the world who have related the meaning to how they perceive and see business activities done in their areas of work, lives and daily activities.

Generally, the term business refers to an economic activity which is primary organized and directed to manufacture or produce good and services at a profit. Whereas the profit made is the difference between the income received after selling the goods and services and the cost incurred in producing and selling those goods and services. In order to ensure a long-term business survival and job creation, every business organization must sustain or increase their profit by satisfying its different stakeholders including the customers, employee, owners, government and the society.

1.2. Forms of business

The different forms of business are categorized in order of members participating in the effective operation of such business, which includes the in number of people involved in the formation and also principles used to form and conduct that particular business. These forms of business includes sole proprietorship, partnership, private companies, public companies and corporative.

The sole proprietorship refers to a form of business that is operated by one individual who is the owner of the business. This type of business is considered as the foundation of development of any economy in the world because most of the big businesses existing today started with sole proprietorship and then developed from there on. Examples are kiosk, corner shops, and mini supermarkets, restaurants, etc.

Partnership form of business is done and operated by a minimum of two people and a maximum of twenty people. By law, if the owners exceed twenty then it will no longer be considered a partnership but another form of business. Example of partnership business is Nakumatt supermarket in Nairobi Kenya, the Spar Supermarket in Lagos Nigeria, etc.

Private companies are businesses that are owned by a minimum of twenty people and a maximum of fifty people. By law, the business owners or shareholders must be in the range of twenty to fifty only to form a private company. Example includes Shoprite Nigeria.

Public companies refer to a form of business that is owned by more than fifty individuals and...

You May Also Find These Documents Helpful

...﻿
BusinessOrganization
Gerald Johnson
BUS 311 Business Law I
Leah Westerman
January 19, 2015
Opening a business has many different parts form type, to formation and taxation. If I were to start a business it would be a sole proprietorship. My main reason behind this choice is because I would want full control of my own creation or business. The business would be my personal income, so any amount I make would be claimed on a personal income tax so the profits or losses would be of my own success or failure.
Sole proprietorship is a form of business entity with the least amount of legal formalities. The owner assumes sole responsibility for the operations and finances of the business entity, the owner’s personal property is tied directly to the business, and therefore the owner assumes unlimited risk of this person assets. The main advantage are it’s easy to create and maintain the business and the owner are legally the same. There are no fees with this type of entity and the owner reports all profits and losses on their person income taxes. The disadvantage of this type of entity is that the owner must pay income tax on all profits. Also the owner is responsible for any debits or judgments the business incurs and can have their personal property seized to settle business...

...﻿Business, society and government are placed in different situations depending on what the conflict may be. According to the case “Dickinson’s needle sticks”, all three different sectors were placed in a different position where society was seen to have no voice or empowerment. The society in this case were the nurses, patients and any health care workers using Dickinson’s needles. These sectors solved their conflicts through interacting with each other and finalise a resolution through many negative and positive outcomes which could be ethical and unethical. But then again, each sector strive for the position of power.
The major issue in the case “Becton Dickinson and needle sticks’ is the brand of syringes hospitals are using. These syringes had caused large amounts of patients, nurses and civilians infected with traumatic diseases such as Hepatitis B, C and HIV aids. Hospitals during the year 1990 was highlighted as one of the highest percentage of people be infected with diseases from syringes. In this case, Dickinson’s needle sticks were the reason to this health crisis. Dickinson’s needle sticks where known to be the top selling needle sticks in the market aiming at a reasonable price where hospitals were not reluctant to purchase.
Through this major issue from the safety of Dickinson’s needle sticks had arise this issue through the relationship between business, society and...

...Human Resource Management Coursework
The Value of Recruitment and Selection to BusinessOrganization
Table of Content
Introduction 2
2. Literature Review 3
2.1 The Process of The Recruitment and Selection 3
2.1.1 Recruitment 5
2.1.2 Selection 7
3 Case Study Analysis 9
3.1 Case Description 9
Case One: Barclaycard International Case 9
Case Two: The Selection and Recruitment in Chinese Multinational Enterprises Case 10
3.3 Summarize the Similarities and Differences of Two Case Studies 13
Conclusion: 16
Reference 17
Introduction
Previous to the 1980s, the terms of personnel and employee champion were used to describe the people management in an organization, which considered HR is one of the valuable resources, which should to be managed as efficiently and effectively as any other resource (Foot and Hook, 2008). With the deeper research on organization management, it can be found that ‘Human Resource Management’ has a significant increasing on noticed by people, because of strong relationship between organization performance and effective HRM (Storey, 1995; Kaufman, 2007; Redman &amp; Wilkinson, 2009).
Mullins (2008) pointed out the key objective of HR manager is to select the suitable person to the right position, which means the recruitment and selection acted an important role in HRM (Rynes etc, 1980; Timothy, 1992).
This report will discuss the...

...﻿No.
What to say
To Whom
When
How
Worldview
Ethical decision making
1-
Father: Deepak, welcome to my business, from now onwards you will be leading the sales and marketing team of the firm with annual turnover of 100,000,000.
Deepak
Welcoming Deepak In the firm.
Welcoming tone,
Economic and Anthropocentric approach as the focus is on the annual turnover of the company.
Individualistic approach; decision by father of getting his son join his firm.
2-
Father: You joined the business when the industry is in crucial stage and handling firm’s cash flow is a big issue as we need to pay the suppliers and labourers in cash.
Deepak
After welcoming Deepak in the office.
In tensed tone, letting Deepak know about the situation of industry.
Anthropocentric approach as the economy is discussed in it.
Pragmatistic approach as father is concerned about the prevailing situation in the industry.
3-
Father: As the industry is in recession, clients now pay even later on average 150-180 days after the delivery. Our clients still have to pay us Rs. 10,000,000 which they’re unable to pay because of the industry’s situation.
Deepak
During the orientation about the company.
Tensed tone informing Deepak of the shortfall of cash.
Anthropocentric approach as monetary issues is discussed only.
Pragmatistic approach as the cash flow of the firm is affected currently.
4-
Father: The cash available in the firm is only enough for the firm to meet...

...﻿Di Hong
Final Paper
Professor Zhao
Thesis: HR management in China
Abstract:
This paper presents the importance of human resource in China as well as what the foreign enterprises should pay attention to. These are the factors to be known to do business in China. China has become one of the fastest-growing economies in the world recently. China has transformed itself from a command economy to a market one. Its management systems have changed in many aspects. China’s market contains foreign enterprises, domestic stated owned companies, and private companies. The human resource systems are extremely different among them. The change in different types of enterprises is in different directions. There are still many problems in human resources management, and to some extend become a restriction for the enterprises.
With the features of competition for talent in the 21st century, human capital has become the most important capital. The training of human resources is extremely important in the survival and development. It plays the key role to maintain the invincible position in the competitive market. There are important questions to be discussed in current Chinese human resource management, including staff-company relations, HR model development and HR strategies. Currently, with the globalization of economy, more and more...

...of a global business would be McDonalds or Coca Cola.
Oxfam is a voluntary sector business; private businesses are businesses that are owned by private citizens set out to make a profit; public sector business is a business that has been set up by or taken over by the government, their objectives are to provide for society as well as making a profit; voluntary sector business is a business that is supervised by trustees and their goal is to provide a service to a wider community in need.
The primary sector stage focuses on getting the raw materials of a product. For example, miners will mine for different types of metals. When miners collect enough of a metal they can be sold to buyers.
The secondary sector stage is when the raw materials are made into products that consumers will want to buy. For example, car manufacturers may now use the metal they bought from the miners to make car parts and build cars with them.
The tertiary sector stage is when the finished product gets advertised and sold off to either other businesses or to customers. For example, the car manufacturer can sell their parts to other businesses and can sell their cars to the customers.
Oxfam is a tertiary business that provides a service. When they get donations, they send them to people who are less fortunate. For example, providing food, clothes and water to people living in third...

...﻿Interrelationship of Business Functions
Executive Summary
This report provides an explanation of the interrelationships of the four key functions of a business. Furthermore, it outlines the effects on the business of the inefficient management of these functions.
Introduction
Each business has four key functions which support the main goals of the business. These functions include operations, employment relations, marketing and accounting & finance. These functions interact with each other in order to ensure smooth running of the business and also to achieve the business’ objectives. This is known as the interrelationship between the business functions.
The Interrelationship of the Business Functions
The four key functions of a business rely on each other to achieve the goals of the business. The role of operations is to organise the production of goods and services. This involves providing a steady supply of materials, an efficient production of the good or service and distribution of the final output. The employment relations function is a vital to a business. This function ensures that a business has the correct number of staff and also that the staff is trained with the appropriate skills and experience. The marketing function provides a link between the...

...﻿ The’ Oo Mon The’ Oo Mon
Reflective Writing
From the first chapter of the text book, I learn the basic concept about sustainability. It contains the interesting knowledge like what are the three main components and what are the possible negative impacts of business upon our environment, society and economy .In the past, I assumed that doing business in sustainable way means not to pollute the environment a lot and not to use the incorrect accounting information either to get the impression from the investors and customers or to avoid the tax. But now, I realize that I also have to consider the impact on the social life of not only the staffs in our company but also the people in our society. There are some companies that really concern about their staffs, people in their community as well as those around the world. From my knowledge, one of such obvious firms is Google Company. Google distributed $144,606,000 in cash and $1,000,000,000 in products in 2012 (Kate Wilke, May 23, 2014). In my opinion, building the company’s image in charitable way is really beneficial both for the company and customers. First of all, the staffs will be really happy to work in the sustainable environment like that. And secondly, the customers will assume that they are using our product means they are also helping our charity activity by letting us gain more profit.
In the past decades, whether to concentrate on the profit...